$BTC
Volatility is compressing. The cycle extremes are gradually becoming less severe.
So why should we automatically assume we'll see the same level of capitulation as every prior bear market?
Because from what I'm seeing, we're forming higher lows across the most extreme cycle metrics.
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Market is finally cooling down a bit today. What altcoins are on your watchlist right now? Looking for some interesting trades.
#Crypto#Altcoin#BTC#ETH
$3.4k → $10k Challenge
Trading $BTC, $ETH, $LINK and a few select altcoins.
Daily P&L updates. Every win. Every loss. Full transparency.
No fake signals.
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No fake profits.
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#CryptoTrading#Bitcoin#Crypto
$3.4k → $10k Challenge
Trading $BTC, $ETH, $LINK and a few select altcoins.
Daily P&L updates. Every win. Every loss. Full transparency.
No fake signals.
No fake influencer lifestyle.
No fake profits.
Just real trades and real results.
#CryptoTrading#Bitcoin#Crypto
$BTC
Nothing much to update regarding the swing short position.
I'm still holding 50% of the original size, as mentioned previously. I closed 50% at 80K to reduce risk in case my thesis was wrong.
Given the current retrace back into the range, I think there's a good chance we test 70K next month. If price continues to hold below 79K, this is increasingly looking like a failed breakout that has retraced back into the range after deviating above the previous highs.
We can test LTF S/R levels like 75-76K but ideally bulls need to flip the 79K level to be "bullish" again.
Additionally, I expect SP500 to experience a pullback at some point this year, which could add further weakness to BTC. That's another factor I'm monitoring closely.
At 70.8K, I plan to close another 25% of the short position and leave the remaining 25% open until the final take profit target is reached.
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